1. Meet with a qualified and experienced certified financial fiduciary practitioner.
  2. Discuss any planned actions with your tax professional.
  3. Don’t abandon rational investment strategies because the market has become irrational.
  4. Step away from over-reactive media.
  5. Avoid acting on impulse or overreacting.
  6. Review your long-term goals.
  7. Consider a Roth conversion.
  8. IRA and Roth contributions: Until July 15 you can contribute to a traditional or Roth IRA for 2019 and 2020.
  9. In-kind required minimum distributions.
  10. Tax-loss harvesting: Consider selling an investment in your non-qualified account that you have an unrealized loss in.
  11. Cost-replacement strategy: An opportunity may exist to buy shares of a security you currently hold at a lower price.
  12. Reduce portfolio withdrawals.
  13. Evaluate your portfolio strategies.
  14. Know the level of risk you are willing to accept.
  15. Know the level of risk in your portfolio.
  16. Consider having a small portion of each portfolio dedicated to cash.
  17. Evaluate the appropriate amount of emergency cash to have on hand and not invested in the market.
  18. Rebalance your portfolio.
  19. Dollar-cost averaging: Start a periodic investment program by making regular deposits into your investment account.
  20. Invest for your children and grandchildren.

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